FTC Announces $47 Million Refunds for Consumers Misled by Invitation Homes

FTC Takes Action Against Invitation Homes
The Federal Trade Commission (FTC) has announced that it will distribute a total of $47.2 million in refunds to consumers who were reportedly misled by Invitation Homes, the largest single-family home leasing company in the United States. The settlement follows allegations that the company deceived customers regarding leasing costs and charged hidden junk fees.
Who is Eligible for the Refunds?
The refunds will be mailed to 444,131 consumers who paid Invitation Homes $45 or more in fees from January 2021 to September 2024. The FTC advises recipients to cash their checks within 90 days.
- The average refund is expected to be around $106.
- Consumers who have previously received a credit are not eligible.
Understanding the Allegations
In its lawsuit, the FTC claimed that Invitation Homes advertised misleading rental prices that did not include mandatory junk fees, amounting to as much as $1,700 annually. The company reportedly collected over $18 million in application fees for properties falsely advertised.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.